New traders, don’t be greedy!

[borzy]

In my journal with hfm, the biggest shift came when I stopped chasing R multiples and just executed one setup with fixed risk on a demo until it was boring

 

[AltcoinArcher]

New traders need to steer clear of greed because it usually results in bad choices and extra losses.
Chasing fast profits can lead to overtrading, neglecting risk management, and emotional responses.
Instead, concentrate on understanding the market, applying appropriate position sizing, and adhering to a solid trading plan.
Patience, discipline, and consistency matter much more than attempting to achieve quick profits.

 

[borzy]

I blew my first account by chasing R multiples; now I risk a fixed amount and trade just one setup, it’s boring but it works. Also changed broker to a more reliable one (hfm)

 

[helodear123]

Accounts can be blown in the start however we can go with demo account in order to learn without risking our own money for getting live time market experience for free.